October 09, 2018 | BY admin
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. (more…)
employee benefit - small business - tax
September 27, 2018 | BY admin
Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways to get valuable data. (more…)
business - IRS - tax
September 17, 2018 | BY Ahron Golding
Roth&Co Tax Attorney Ahron Golding, discusses the importance of using an effective method of accounting, and the problem with using the “Ostrich Method,” which involves burying your head in the sand and hoping the IRS will go away.
accounting method - IRS - tax
September 06, 2018 | BY admin
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for individuals is September 17.
If you don’t have an employer withholding tax from your pay, you likely need to make estimated tax payments. But even if you do have withholding, you might need to pay estimated tax. It can be necessary if you have more than a nominal amount of income from sources such as self-employment, interest, dividends, alimony, rent, prizes, awards or the sales of assets. (more…)
income tax - IRS - tax
September 05, 2018 | BY Spencer Diamond
When the word “tax shelter” comes to mind, many of us think of a locale such as the Cayman Islands, Switzerland, or Apple’s own Ireland. While many of those countries do offer enticing tax benefits, a recent piece of legislation has clandestinely spurred one of the most significant tax incentives in modern history, with no international accountant required. (more…)
real estate - tax - tax shelter